Economic Risk Management in Ceylon

I am not an economist but a scientific analyst.

There is total mismanagement (by RW) of economy.

My gut but simple feelings are expressed here.

There are two monetary indicators.
Let me deal with dollar first.

1. Dollar Deposit is at rock bottom.

a) Expatriates are remitting a bit and that alone would not solve our problem.

b) No mechanism is in place to bring back the Money (dollar) that was expediently transferred before the fall of last regime.

If at all they are very well protected.

c) The channels of illegal transfer of money are still in place and operating well oiled.

There is a big hole in the Our Economy Pot.

d) There is a parallel illegal economy.

A certain Buddhist monk is advising this cabal and ex-cricket guy/s wife/s is /are running the show!

This is not the underworld but the HiFi Class.
RW is only the political representative.

e) The real Pathalaya (Underworld) or Drug Triangle is in operation and is very well cushioned by the politicians.

They donate money for the elections and even decide the candidates in each party.

d) Our debt crisis remains.
We are not paying our debt not even in stages but the interest accumulates.

The temporary respite that we have is due to the reason that we have asked for TIME and delaying payment of installs.
For how long I do not know.

It is not a remedy and we have to pay them back in full.
Earlier method was to take a loan to pay a loan with high interest.

Debt escalates.

It is like the crab in a proverbial boiling pot.

This is to tide over the coming elections.
After the elections we have to pay with interest.

A temporary smoke screen to hoodwink the voter.

2. Rupee Status or Circulation.

RW's simple remedy is to print more and more Rs.5000/= notes.
He started with the idea of paying the Samurdhi Guys and Girls of Rs.5000/=.

He continues to print money.

Senior Premadasa did the same thing.

There is no short of notes but its distribution is unequal.

In cities there is plenty of notes but in remote villages where only Samurdhi Banks are operating, the till is empty.

The consequences are;

1. Cost of living is high and rising.

2. Inflation or average price is up from bread to rice.
No dhal!

3. Local money lenders charge high and loan is given against the simple assets like the three wheeler.

4. People walk home and Three Wheeler drivers jack the price.

5. End result is total stampede of rural economy.

Everything is at a standstill.

Do not give orphans to the temples.
In rural temples young novices are starving while big  monks in cities are engaged in politics.

Anuradhapura Hamudurwo is gone bankrupt according his followers.

He is vociferously active on YouTube.